This is a teenage dream!

Orlando Bloom and Katy Perry have been going strong since they reconciled earlier this year following a brief split in February 2017, and now the actor is planning on popping the question!

"Orlando doesn’t have a ring yet but has been talking about the future. Everyone would be excited if they got engaged. Katy is wonderful!” a source dished to People.

Just last week, the lovebirds made their red carpet debut as a couple at the Monte-Carlo Gala for the Global Ocean event, and if that doesn't indicate they're in it for the long haul we don't know what does.

"He always said he would absolutely get married again, and it seems Katy could be it. They both seem very happy. This has been an amazing year for the relationship. It’s like they needed to split and get back together again to get to this point," the source added.

Bloom was previously married to supermodel Miranda Kerr, while the pop star was married to Russell Brand.

Let's hope this works out!